SpaceX stock opens above IPO price in record debut

The offering progressive 555.6 cardinal shares priced astatine $135 apiece, generating $75 cardinal successful proceeds for the company. The woody was the largest IPO connected record. At the offering price, the institution was valued astatine $1.77 trillion.

To people the listing, institution president and COO Gwynne Shotwell appeared connected the Nasdaq level successful New York City portion laminitis Elon Musk joined the opening-bell ceremonial from Texas via video link, according to CNBC. "SpaceX wants to beryllium capable to instrumentality you to the moon, instrumentality you to Mars, and yet beyond," Musk said, according to The Wall Street Journal.

During a pre-debut JPMorgan Chase livestream, Musk told viewers that the institution turned cash-flow affirmative astir 2015 and that raising caller superior to enactment an ambitious enlargement was the driving information down going public. Among the initiatives Musk outlined were placing upward of 100,000 satellites successful orbit to enactment communications services and constructing artificial-intelligence information centers beyond Earth's atmosphere.

Of each SpaceX's operations, the Starlink outer net portion is the sole part presently generating a profit. SpaceX's prospectus shows the institution has tally up cumulative losses totaling $41.3 cardinal implicit the much than 2 decades since it was established.

In February 2026, xAI — Musk's artificial-intelligence startup — was folded into SpaceX, a woody that handed the rocket institution ownership of xAI's information centers, the Grok AI models, and X, the social-media level erstwhile called Twitter.